Scandinavia: Electrical Circuit Apparatus Market 2024

Electrical Circuit Apparatus Market Size in Scandinavia

The Scandinavia electrical circuit apparatus market skyrocketed to $X in 2021, growing by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Electrical Circuit Apparatus Production in Scandinavia

In value terms, electrical circuit apparatus production reached $X in 2021 estimated in export price. Over the period under review, production, however, saw a mild downturn. The growth pace was the most rapid in 2018 with an increase of X%. The level of production peaked at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.

Electrical Circuit Apparatus Exports

Exports in Scandinavia

In 2021, the amount of electrical apparatus for circuit connection, switching and protection exported in Scandinavia reached X units, growing by X% against the year before. In general, exports, however, continue to indicate a mild curtailment. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at X units in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, electrical circuit apparatus exports expanded sharply to $X in 2021. Overall, exports, however, recorded a mild descent. The level of export peaked at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

Sweden was the key exporting country with an export of around X units, which accounted for X% of total exports. Finland (X units) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Norway (X%).

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Finland (with a CAGR of X%), while the other leaders experienced a decline in the exports figures.

In value terms, Sweden ($X), Finland ($X) and Norway ($X) appeared to be the countries with the highest levels of exports in 2021.

In terms of the main exporting countries, Finland, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

The export price in Scandinavia stood at $X per unit in 2021, picking up by X% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of X%. Over the period under review, the export prices reached the peak figure at $X per unit in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Norway ($X per unit), while Finland ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Norway (X%), while the other leaders experienced mixed trends in the export price figures.

Electrical Circuit Apparatus Imports

Imports in Scandinavia

In 2021, approx. X units of electrical apparatus for circuit connection, switching and protection were imported in Scandinavia; picking up by X% against the previous year's figure. Over the period under review, imports, however, showed a relatively flat trend pattern. Over the period under review, imports hit record highs at X units in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, electrical circuit apparatus imports skyrocketed to $X in 2021. In general, imports showed a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Sweden was the major importing country with an import of about X units, which reached X% of total imports. It was distantly followed by Norway (X units) and Finland (X units), together comprising a X% share of total imports.

Sweden was also the fastest-growing in terms of the electrical apparatus for circuit connection, switching and protection imports, with a CAGR of X% from 2012 to 2021. Finland experienced a relatively flat trend pattern. Norway (X%) illustrated a downward trend over the same period. While the share of Sweden (X p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Norway (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Sweden ($X) constitutes the largest market for imported electrical apparatus for circuit connection, switching and protection in Scandinavia, comprising X% of total imports. The second position in the ranking was held by Norway ($X), with a X% share of total imports.

From 2012 to 2021, the average annual growth rate of value in Sweden stood at X%. In the other countries, the average annual rates were as follows: Norway (X% per year) and Finland (X% per year).

Import Prices by Country

In 2021, the import price in Scandinavia amounted to $X per unit, with an increase of X% against the previous year. Over the last nine years, it increased at an average annual rate of X%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Sweden ($X per unit), while Norway ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Norway (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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